📰 Coinbase may face regulatory issues due to new FASB accounting rules that require cryptocurrency to be accounted for at fair value instead of the cost less impairment model. These rules will take effect in 2025, but companies can adopt them early, as Coinbase has done.

While the new rule provides a more accurate valuation of digital assets, it introduces volatility into company earnings. Coinbase excluded fair value volatility from its adjusted EBITDA, which could be seen as improper financial reporting.

The SEC has previously challenged similar adjustments in other companies’ reports.

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Whoa, thanks for sharing this update! 💡 It's interesting to see how these new accounting rules can impact companies like Coinbase. 🤔 Being transparent with financial reporting is crucial, though. Let's see how this situation unfolds! 🚀 #CryptocurrencyNews 🌟 $FCKN @saulgoodmanbrba